Is Auditing Worth the Effort? The Impact of Internal Auditing on Local Fiscal Outcomes

Vashdi, Dana R.; Uster, Anna; Vigoda‐Gadot, Eran; Mizrahi, Moshe

doi:10.1080/15309576.2022.2108469

Cited by 4 publications

(4 citation statements)

References 96 publications

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“…The World Bank and INTOSAI hold that national auditing improves fiscal expenditure efficiency by holding public fiscal resources accountable, reducing fund abuse, and strengthening system construction. Previous scholars have found that a national audit significantly improves the degree of fiscal security in local governments [22] and plays a role in correcting budget deviations [23]. These results intensify along with the intensity of the national audit investigation [24].…”

Section: Literature Review 21 Governance Effect Of National Auditing ...mentioning

confidence: 95%

National Audit, Media Attention, and Efficiency of Local Fiscal Expenditure: A Spatial Econometric Analysis Based on Provincial Panel Data in China

2022

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Improving the efficiency of local fiscal expenditure is an important way to swiftly mitigate local fiscal risks according to the current economic situation. Based on the provincial panel data of 30 provinces in mainland China (except Tibet Autonomous Region) from 2007 to 2018, a Tobit spatial error model was constructed to test the impact of national auditing on local fiscal expenditure efficiency and to investigate the intermediary role of media attention. Findings show that the disclosing, resisting, and preventing functions of the national audit significantly improve local fiscal expenditure efficiency. Media attention does play an intermediary role, indicating that the information transmission function of the national audit has governance effects. Coupling of the national audit and media attention also positively affects local fiscal expenditure efficiency. This research expands the mechanism of national audits, as they affect the efficiency of local fiscal expenditure; it also provides new empirical evidence for improving such efficiency while mitigating fiscal risks at the local level.

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Section: Literature Review 21 Governance Effect Of National Auditing ...mentioning

confidence: 95%

National Audit, Media Attention, and Efficiency of Local Fiscal Expenditure: A Spatial Econometric Analysis Based on Provincial Panel Data in China

2022

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“…In this context, internal auditors act as key check and balance tools. One of their main duties is to publish annual reports and focus on cost savings and efficiency (Vashdi et al. , 2022).…”

Section: Theoretical Backgroundmentioning

confidence: 99%

“…Moreover, internal auditing units are independent and operate at all levels. Since 1993, all Israeli municipalities have had mandatory internal audits (Vashdi et al. , 2022).…”

Section: Theoretical Backgroundmentioning

confidence: 99%

Internal auditor's interpersonal trust building: the Israeli public sector

Eshet

2023

JPBAFM

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PurposeThis paper investigate the antecedents of the public sector's senior management in interpersonal trust relationships involving sceptical internal audits in public services administrations. This is fundamental for a positive audit, as it affects the auditing relationship and assures a sound public administration.Design/methodology/approachThe author surveyed 261 senior management from 24 Israel's local authorities (about 30%), representing large, medium and small administrations in Israel's North District.FindingsThe results indicate that senior management's antecedents to trust sceptically minded internal audits are positive for audit knowledge sharing. Findings also reveal that the internal auditor's ability, integrity and benevolence significantly impact senior management's trust. Whereas open communication does not significantly affect the senior management's propensity to trust, its satisfaction with its internal auditor fosters positive trust and support.Practical implicationsUnderstanding the antecedents of the senior public manager on internal audit benefits the audit outcomes. Albeit audit professional scepticism's interpersonal trust relationship with senior public manager influences the audit. Audits efficiently related to organisational culture and outcomes.Originality/valueA new practical model of senior management trust antecedents is presented for a more effective auditing system and public administration. The model is original, as no other empirical studies have yet dealt with senior management's trust in internal audits in the public sector.

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“…The internal audit requires more strength due to rapid advancement in the global economy, technology, and complexity of rules and regulations in the last decades that set towards new directions, which ultimately support the management and added value for the organization (Wang et al 2022;Ado et al 2020). The strength requires more skillful internal auditors who performed their best in leading the global economy (Alsabti and Khalid 2022;Vashdi et al 2022). Along with internal auditor skills and education, in the current scenario, more attention needs to make sure effectiveness of internal audit quality (George et al 2015).…”

Section: Introductionmentioning

confidence: 99%

Evaluation of Factors Contributing to the Effectiveness of Internal Audit Quality in Pakistani Commercial Banks

Afzal

2023

IJFS

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The Pakistani banking sectors facing numerous challenges because of poor internal audit quality. Internal audit quality has long been a source of contention. The current study examines the factors that affect internal audit quality in Pakistani commercial banks. Internal audit quality evaluated through potential factors such as competence, objectivity, performance, board audit committee support, and independence. Along with these factors, a questionnaire designed to determine the nature of the problems confronting Pakistani commercial banks. 102 questionnaires disseminated among the chief internal auditor, chief financial officer, board audit committee, and managers of 26 listed commercial banks. The impact of the factors on internal audit quality investigated using a binary logit regression model and multiple correspondence analyses. Findings show that performance, competence, and objectivity factors are statistically positively significant that influenced internal audit quality to improve it. This research helps improve the internal audit quality in Pakistani commercial banks.

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Is Auditing Worth the Effort? The Impact of Internal Auditing on Local Fiscal Outcomes

Cited by 4 publications

References 96 publications

National Audit, Media Attention, and Efficiency of Local Fiscal Expenditure: A Spatial Econometric Analysis Based on Provincial Panel Data in China

National Audit, Media Attention, and Efficiency of Local Fiscal Expenditure: A Spatial Econometric Analysis Based on Provincial Panel Data in China

Internal auditor's interpersonal trust building: the Israeli public sector

Evaluation of Factors Contributing to the Effectiveness of Internal Audit Quality in Pakistani Commercial Banks

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